Montoure Company uses a periodic inventory system. It entered into the following calendar-year purchases and sales transactions. Date Activities Units Acquired at Cost Units Sold at Retail Jan. Beginning inventory 778 units @ $75.08 per unit Feb. 18 Purchase 485 units @ $72.08 per unit Mar. 13 Purchase 285 units @ $57.08 per unit s sales 8:85 units @ $105.80 per unit Aug . 21 Purchase 270 units @ $80.08 per unit Purchase 678 units @ $76.80 per unit Sept. 18 sales 1, 828 units @ $185.80 per unit Totals 2,480 units 1,905 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cast of goods available for sale Number of units available for sale 2,480 units 2. Compute the number of units in ending inventory. Ending inventory 3. Compute the cost assigned to ending inventory using (6) FIFO, (b) LIFO. (c) weighted average, and (o) specific identification. For specific identification units sold consist of 770 units from beginning inventory. 215 from the February 10 purchase. 285 from the March 13 purchase, 135 from the August 21 purchase, and 500 from the September 5 purchase. (Round your average cost per unit to 2 decimal places. Round your final answers to the nearest whole dollar amount.} Ending Inventory (2) FIFO (b) LIFO (c) Weighted average (d) Specific identification 4. Compute gross profit earned by the company for each of the four costing methods. (Round your average cost per unit to 2 decimal places. Round your final answers to the nearest whole dollar amount.) FIFO LIFO Wellghted Specific Average dentification Less: Cast of goods sol Gross profit 5. The company's manager earns a bonus based on a percent of gross profit. Which method of inventory costing produces the highest bonus for the manager? O Weighted Average O FIFO O Specific Identification O LIFO